11-May-2022 | Zion Market Research
The Digital Educational Publishing Market was worth around USD 9,928.5 million in 2021 and is estimated to grow to about USD 25,337.9 million by 2028, with a compound annual growth rate (CAGR) of approximately 16.9 percent over the forecast period. The report analyzes the Digital Educational Publishing Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Digital Educational Publishing Market.
The use of digital media to market educational content is known as digital education publishing. The content is available on multiple pages and is suitable with a variety of platforms including computers, cellphones, desktops, and tablets. The books provided by digital education are known as e-books, and they allow students to access particular license fees. Because of the cheaper printing costs, e-books are a good substitute for printed books. The increasing adoption of smartphone devices among people around the world is likely to drive market growth over the forecast period. Additionally, the growing attempts taken by several institutes to provide distant learning facilities are likely to support the growth of the digital educational publishing market during the forecast period. Aside from the widespread availability of high-speed Internet access, the rapid expansion of internet infrastructure in emerging countries such as India has driven the adoption of mobile devices in these countries. Thus driving the growth of the market. With the development of Internet-enabled digital devices such as mobile phones and tablets, consumers’ read preferences are shifting away from traditional print media and toward device-compatible digital formats. In recent years, there has been a continuous increase in consumer demand for on-the-go content due to which many top educational content publishers are progressively offering a diverse range of digital content that consumers can access via mobile devices. However, the presence of open-source platforms is projected to stymie industry expansion during the projection period.
The Digital Education Publishing Market is segregated based on Product Type, and End User. Based on Product Type, the global market is distinguished into Digital Textbooks, Digital Assessment books, and Others. Based on End User, the global market is distinguished into K-12, Higher Education, and Corporate or Skill-Based.
In terms of value, the market in North America is expected to lead the global digital educational publishing industry, and this trend is expected to continue during the assessment period. The North American digital educational publishing market is the most appealing, with a strong rate over the forecast period. Increased online communications, as well as an increase in work-from-home structures across North America, have led to a boost in the need for digital publishing, which is expected to drive the area market during the projection period. Asia-Pacific is the fastest expanding region and is expected to reach a significant share for the forecast period. The Asia-Pacific market is being driven by the increasing popularity of smartphones in emerging economies such as China and India. Furthermore, lower smartphone pricing as a result of increasing competition among manufacturers and service providers is likely to broaden the user base and hence benefit the digital educational publishing business.
Key players functioning in the Digital Education Publishing Market include Scholastic Corp., McGraw-Hill Education Inc., Georg von Holtzbrinck, Hachette Livre, Pearson, Cambridge University Press, Cengage Learning, John Wiley & Sons, Oxford University Press, and Thomson Reuters.
Browse the full “Digital Education Publishing Market By Product Type (Digital Textbooks, Digital Assessment books, and Others). By End User (K-12, Higher Education, and Corporate or Skill-Based).” Report at https://www.zionmarketresearch.com/report/digital-education-publishing-market
Digital Education Publishing Market is segmented as follows:
By Product Type
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